Renting to Own - Boston’s Newest Model of Affordable Homeownership
The Mayor’s Housing Innovation Lab is soliciting innovative proposals from creative teams of developers, lenders and service providers interested in partnering with the City to develop affordable rental-to-homeownership housing units and/or pilot the use of new financing tools that create clear pathways for low and/or moderate income Boston renters to start building wealth in year one and transition to affordable homeownership in Boston within a defined and reasonable time frame (e.g. 5 years).
Successful proposals will be eligible for MOH funding based on the demonstrated need for gap financing and availability of funds, and multiple proposals may be selected for funding.
The RFP application package will be posted by May 30, 2023 and can be downloaded by registering at https://www.boston.gov/dnd/rfps/. Completed RFP responses must be submitted electronically by August 4, 2023, no later than 4:00 PM.
MOH will host a virtual Q&A session on Tuesday, June 13, 2023, at 11:00 AM and an in-person applicant conference and networking event at the Boston Federal Reserve, Connolly Center, 600 Atlantic Avenue, Boston, MA 02210, on Thursday, June 15, 2023, at 3:00 PM.
June 13, 2023 Virtual Q&A Session: Registration is required at the link below: https://boston-gov.zoom.us/meeting/register/tZMtf-yvrDosE9HXNxTn2wgxvRWZFrRYpSNS
June 15, 2023 Applicant Conference and Networking Event Please RSVP no later than Friday, June 9, 2023, by 5:00 PM using the following form: https://forms.gle/qTdeTpeUETBBfUbQ9
Prospective applicants are strongly encouraged to attend these events to obtain answers to any questions and network with potential partners.
- Posted 05/30/2023 - 9:00am
- Closed 08/04/2023 - 4:00pm
- Type Electronic
-
Awarded by
-
UNSPSC93140000
-
Questions about this page? Contact:Paige Roosa
-
Related Links
Massachusetts General Law
